The last few decades have seen a robust growth in the awareness and use of credit cards in a developing economy like India. Credit Card allows an individual short-term, zero-interest loan for every purchase and offers various features such as reward points, gift coupons, vouchers, cashback and extra discount on purchases made.
With easy documentation involved in the application process, an individual can comfortably avail of the credit service provided by different banks and financial institutions.

Documents required by non-resident customers:

For NRI customers met in person-
a. Address Proof (either mailing or overseas address)
b. Non English language declaration (in case the document is in a foreign language). The document is to be self-attested by the customer & countersigned by the Regional Manager as ‘Original seen & verified’.

If the mailing address is an Indian address, you would require one of the following proofs:

Photocopy of letter from the society carrying the society’s Registration number, applicant’s name & full address as well as the signatories full name, designation (Secretary, President) and address

Photocopy of Title deeds of the property (duly registered and stamped)

Photocopy of Monthly outgoings bill from Registered Housing society

If the mailing address is an overseas address, you would require one of the following photocopies:

Overseas bank statement (not more than 3 months old)

Driving license

Government-issued ID Card.

Utility bill (not more than 3 months old)

Credit card statement (not more than 3 months old)

Rent receipt or lease agreement (not more than 3 months old)

Appointment letter

Company ID card with address

Passport

For Non Face to Face NRI customers, the documentation criteria are the same as for the NRI customers met in person. The only differentiating factor being the requirement of an additional document in case the Non English language declaration is not attested by the Indian Embassy, Notary or a Banker overseas. In this particular scenario, the document is to be self-attested and one additional document, as per list below to be obtained:

Cheque drawn on a bank account abroad

A cancelled paid cheque (in original) drawn on a bank abroad

Original bank statement (not more than 3 months old)

Original utility bill (not more than 3 months old)

Photocopy Driving license

Photocopy of the appointment letter issued by the overseas employer

Original credit card statement (not more than 3 months old)

Photocopy of Lease deed/Rent agreement

Photocopy of letter from the University abroad (in case of NRI students)

It allows an individual short-term, zero-interest loan for every purchase and offers various features, such as reward points, gift coupons, vouchers, cashback and extra discount on purchases made.